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Edison Mission Energy FERC Approval Granted

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Edison Mission Energy (EME) announced that the Federal Energy Regulatory Commission (FERC) approved the sale of substantially all of EME’s assets to NRG Energy. The acquisition of EME’s portfolio of renewable and conventional generation assets will create the second-largest U.S. power company with enough capacity to support nearly 48 million American homes, and NRG Energy will become the third-largest U.S.-based renewable energy generator. This FERC approval represents the final regulatory authorization required to close the sale and parties expect to finalize the transaction on April 1, 2014. As previously reported, the U.S. Bankruptcy Court approved the sale on March 11, 2014, concurrent with its order confirming EME’s Third Amended Joint Chapter 11 Plan of Reorganization.

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